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Full details for Other For Sale in Newport, Oregon

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Description

Amazing Investment opportunity in the trendy coastal neighborhood of Nye Beach in Newport, OR! Archway Place is a 5,250 SF retail property w/ 8 parcels - divided into 4 suites. Absolute NNN and 100% occupied - all are multi-year w/renewal options. 2022 CAP was 5.63%. 2023 - 5.83% w/ a 5-year AVG of 6.1%. Built in 2008, Archway Place is exceptionally well maintained. Onsite parking lot. Residential condos above the retail spaces not part of the sale. Seller will consider carrying. Back to listing
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